Breaking Records: Believing in Bitcoin, BlackRock’s IBIT ETF Reaches $20 Billion in Just 137 Days, Attracting Investments from Over 400 Institutions

According to data from BlackRock’s official website, its Bitcoin spot ETF “IBIT” reached a position size of $20 billion in just 137 days, making it not only the largest Bitcoin spot ETF in the world, but also the fastest-growing ETF in history.
(Prior summary:
Surpassing Grayscale GBTC! BlackRock’s IBIT holdings approach $20 billion, becoming the world’s largest Bitcoin spot ETF.)
(Background supplement:
BlackRock’s Bitcoin spot ETF “IBIT” has seen continuous net inflows for 70 consecutive days, entering the top ten list in history.)
The Bitcoin spot ETF “IBIT” issued by BlackRock, the world’s largest asset management company, officially surpassed Grayscale’s GBTC on Tuesday (28), becoming the largest Bitcoin spot ETF in the world with a position size of nearly $20 billion.
IBIT is the fastest-growing ETF in history.
Furthermore, according to data from BlackRock’s official website, since its trading debut on January 11 until May 30, IBIT has successfully attracted approximately $19.45 billion in fund inflows, making it the fastest-growing ETF in history.
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Key data on IBIT
In response, Bloomberg ETF analyst Eric Balchunas praised IBIT as a legend in a post:
Is IBIT a new indicator for judging BTC trends?
We know that due to management fees that are 5-6 times higher than its competitors, Grayscale has been experiencing continuous outflows of funds after successfully converting its Bitcoin trust GBTC into a spot ETF. This has also led to the market facing selling pressure from GBTC just after the launch of the Bitcoin spot ETF.
Further reading:
Grayscale CEO’s sudden departure, GBTC’s outflow of $17 billion, was he forced to step down? Rumors of Grayscale acquisition?
On the other hand, according to data from SoSoValue, since its launch in early January until mid-April, IBIT has seen consistent inflows of funds for three consecutive months. Additionally, according to the US 13F institutional holdings report, as many as 414 institutions invested in BlackRock’s IBIT in Q1 this year.
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Comparison of IBIT and GBTC holdings changes
In response, cryptocurrency market maker Wintermute stated:
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